IEX to Move New York Office to 4 WTC
November 20, 2014
Silverstein Properties announced today that IEX, a start-up stock market dedicated to institutionalizing fairness through technology, and the subject of Michael Lewis’ book, Flash Boys, has signed a Read more...

In the News

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World Trade Center developer Larry Silverstein, master plan architect Daniel Libeskind and Port Authority of New York & New Jersey Vice Chairman Scott Rechler praised the progress of the 16-acre trade center site today in a “World Trade Center update” event timed for the week of the Sept. 11 anniversary.  Read more...
Work has resumed atop the seven-story podium base of Larry Silverstein's 3 World Trade Center, though a full construction loan for the developer has not yet come through.
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On Friday, New Yorkers will be able to do something they have not done in nearly half a century: stand on the corner of Cortlandt and Greenwich.  Read more...
In the last few months, restaurants, blow bars and major fashion labels have been angling for new homes near the World Trade Center, and largely for one reason. Between November and February 2015, about 2,300 Condé Nast employees will be migrating to open floor plans at 1 World Trade Center.  Read more...
Construction on Lower Manhattan's flagship 3 World Trade Center building is set to restart after the developer was given the go-ahead on Wednesday to use $159 million in insurance money while he raises more than $1 billion private sector financing.
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If proof were needed of the sad state of architectural criticism in New York City and beyond, look no further than the limited reception that 4 World Trade Center has received to date.  Read more...
By approving the deal at its board meeting next week, the Port Authority would strengthen its financial position and enhance the promising future of lower Manhattan.  Read more...
So this year, the honor goes to Silverstein Properties' 4 World Trade Center. The first of the World Trade Center sites to be complete, it opened in November to much acclaim from a chorus of archicritics.  Read more...
The first piece of a nearly $4 billion redevelopment of the World Trade Center transportation hub debuted Thursday with the official opening of an underground concourse that passes through an area that has been closed since 9/11.  Read more...
The glassy office tower 4 World Trade Center is set to open in November, and The Real Deal took a glimpse behind the construction fences to see what Silverstein Properties’ latest development is shaping up to be.  Read more...
Associated Press
NEW YORK — Twelve years after terrorists destroyed the old World Trade Center, the new one is becoming a reality, with a museum remembering the attacks and two office towers where thousands of people will work set to open within the next year.  Read more...
The Commercial Observer
Though the city lost hundreds of millions of dollars in tourism revenue following the terrorist attacks of Sept. 11, 2001, a steady rebound in tourism and the closely tied retail market has occurred, perhaps best personified by the rebirth of Lower Manhattan.  Read more...
Something remarkable is happening where Greenwich Street used to run through the World Trade Center site. It is becoming Greenwich Street again.
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Downtown owes its renaissance to many heroes, from firefighters who perished on 9/11 to business moguls and ordinary residents who never gave up on a district too many had left for dead. Deserving a special place in the pantheon is Liz Berger, the Downtown Alliance president since November 2007. My friend Liz died unacceptably young on Monday at age 53. She heroically battled pancreatic cancer for years. But she was so resolute, so uncomplaining, that I had no idea when I first met her she’d been ill, much less suffering from a disease nearly always fatal.
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Reaching three levels underground, the 800,000-square-foot complex will link the PATH trains with Hudson River ferries to New Jersey, and 11 city subway lines - all already operating.Under construction are the two wing-like sections to be separated by a special feature: a skylight that will open like a huge eye.  Read more...
A combination of value, cache and new or snazzily refurbished office space is becoming a wining trifecta to lure media companies, technology firms and other businesses to the Downtown market. Prior to the recession, one might have wondered where to put these creative companies, but today, this migration of young and vibrant industries is filling the widening chasm being left by financial services firms as that sector continues contracting, according to industry analysts.
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Two months after Silverstein Properties announced the launch of Silver Suites Offices, the collaborative work space occupying 30,000 prebuilt square feet on the 46th floor of the 52-story 7 World Trade Center is 50 percent leased.  Read more...
Before Jeremy Moss, senior vice president of leasing at Silverstein Properties, joined the firm four and a half years ago, he spent eight years working at Forest City Ratner, a tenure that culminated in a role managing the leasing of the office space at the New York Times building. He called working alongside Bruce Ratner and MaryAnne Gilmartin on the Times building “a great learning experience that prepared me well for the World Trade Center.” Mr. Moss helped oversee leasing at Silverstein’s 7 World Trade Center and is now leading efforts at 2, 3 and 4 World Trade Center. “I feel fortunate to be able to work on such a historic project, particularly as a native New Yorker,” Mr. Moss said when he sat down with The Commercial Observer last week to discuss his leasing efforts at the World Trade Center, its impacts on lower Manhattan and the future of the market.  Read more...
NY Daily News
The city will dole out $1.25 million to startups that plan to move to storm-stricken lower Manhattan, according to a new report.

The Economic Development Corp. will announce the 20 finalists for the cash this week, which it expects will spur a migration of hip tech companies to the area long associated with finance, Crain’s New York Business reported.
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The curtain just came closer to rising on the proposed World Trade Center Performing Arts Center on Thursday, when the Lower Manhattan Development Corporation voted to release $1 million to staff the next phase of planning.

“[This] means that we can continue our studies to really tightly inform us of the cost of the building,” Maggie Boepple, a veteran Albany lobbyist charged with planning the center, said after the vote. “You need that number before you can start publicly fundraising.”
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Silverstein Properties has launched a new initiative tailored to smaller firms with big ambitions.

President and CEO Larry A. Silverstein just announced the launch of Silver Suites Offices at 7 World Trade Center, a new executive office space and service business renting spaces from $1,500 to $15,000 a month.
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Larry Silverstein, president and CEO of Silverstein Properties, one of the most prominent and widely respected leaders in the New York commercial real estate industry, will be the honoree at The Realty Foundation of New York’s 59th annual luncheon scheduled for Thursday, April 18, 2013.  Read more...
Like a lot of buildings in lower Manhattan, Silverstein Properties Inc.’s 600,000-square-foot tower at 120 Wall St. took on significant flooding during Superstorm Sandy on Oct. 29.

But unlike a lot of its financial district neighbors that remain closed to tenants, 120 Wall St. was reopened just two weeks after the storm, thanks in large part to the business continuity plan Silverstein’s risk management and information technology departments had spent most of this past summer developing.
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NEW YORK (CBSNewYork) – A major piece of the new One World Trade Center has arrived in New York City.

Part of the giant spire that will top the tower arrived by barge from New Jersey. The nine largest pieces of the spire, each weighing 70 tons, were brought across New York Harbor from Port Newark on Tuesday.  Read more...
From Tragedy to Sustainability
When tragedy strikes a city, it often presents an opportunity to rebuild in a better way. Janno Lieber, president of World Trade Center Properties, discusses New York City's efforts to rebuild the WTC site with sustainability in mind.  Read more...
Construction at the World Trade Center resumed this week after floodwaters poured into the site during Hurricane Sandy.
The day after the storm the decimated much of the tri-state area, Silverstein Properties said inspectors examined the company’s three building sites along the eastern portion of the WTC site.
According to the company, all of the construction cranes at the site are in “working order,” no structural damage occurred at any of Silverstein’s WTC towers, including 4WTC, which remains on schedule to be completed in 2013.  Read more...
Construction work has started again at ground zero, site of the World Trade Center attacks on 9/11, which was flooded by Superstorm Sandy.  Read more...
Larry Silverstein, president and chief executive officer of Silverstein Properties Inc., talks about the impact of superstorm Sandy on the World Trade Center site in Lower Manhattan and climate change. Silverstein speaks with Deirdre Bolton on Bloomberg Television's "Money Moves."   Read more...
Though the World Trade Center didn’t incur significant damage, the complex had sizeable water accumulation in its basements that workers were still pumping out at press time on Friday.  Read more...
The operator of the World Trade Center site says that no structural damage was suffered at any of its World Trade Center towers and that the process of pumping out flood waters is already underway.  Read more...
After becoming the first tenant to implement New York City’s Energy Aligned Lease Clause, the law firm WilmerHale has announced another environmental milestone for its offices at 7 World Trade Center: LEED for Commercial Interiors Gold certification.  Read more...
Cortlandt Street in Lower Manhattan was where demolition began in 1965 for what was to become the World Trade Center. Then the street itself was sacrificed, for three blocks, to help create an unbroken 16-acre site for the twin towers. In four months, however, workers will begin restoring one of the missing blocks of Cortlandt Street, between Church and Greenwich Streets, as Cortlandt Way.  Read more...
Office rents in the new towers at lower Manhattan’s World Trade Center will rise to levels “very close” to those for high-quality spaces in Midtown, said Larry Silverstein, who is building one of the skyscrapers.  Read more...
The Downtown Alliance today issued findings in an original research report, The Brain Gain, revealing dramatic population growth among high-value professionals living within a 30-minute commute of the Lower Manhattan C.B.D.  Read more...
The political battle royal over the World Trade Center site is meticulously captured in the new revealing documentary, “16 Acres.”
The flick covers the decade of twists and turns from the time Larry Silverstein hoisted the keys to the complex on July 25, 2001, through the opening of the Memorial fountains on Sept. 11, 2011.
The $750,000 film, by co-producers Mike Marcucci and Matt Kapp, was sharply pared down by director Richard Hankin from 3,000 hours of archival footage and interviews with the players.  Read more...
NEW YORK, Oct 17, 2012 (GlobeNewswire via COMTEX) -- WilmerHale announced today that its New York office has been awarded LEED(R) Gold certification. The LEED rating system, developed by the U.S. Green Building Council (USGBC), is the foremost program for buildings, homes and communities that are designed, constructed, maintained and operated for improved environmental and human health performance. The law firm is one of only three in the city of New York known to have earned this recognition.  Read more...
My name is Michael Stoler. There is an individual that everyone knows in New York City, his name is synonymous with lower Manhattan, New York City development. He's been around for years. He's a good friend. He's Larry Silverstein, who is the CEO and co-president of Silverstein Properties…  Read more...
Host Michael Stoler talks with guests Janno Lieber, World Trade Center Properties; Jeremiah Larkin, Brookfield; Michael Murray, HHM and Drew Nieporent, Myriad Restaurant Group about the continued development of a 24-hour community in lower Manhattan. All agreed that spurring this development was accessibility to public transportation making this area a highly desirable location for the creative community and an exciting place for tourism. Participants discussed the need for more retail and plans to meet this need.   Read more...
The World Trade Center continues to take shape and claim its spot along the city's skyline.

Silverstein Properties hosted a tour of 4 World Trade Center Friday morning.

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Downtown Express
Nearly 11 years after its predecessor was damaged beyond repair by the collapse of 7 World Trade Center, the Borough of Manhattan Community College’s new Fiterman Hall opened its doors to students on Mon., Aug. 27.  Read more...

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